Renovated and Rebranded Opportunity Zone Asset

Highlights:

• New 91-key select service extended stay asset
• Down-to-the-Studs Renovation by experienced developer
• Year-round tourist demand
• Opportunity Zone tax benefits
• No other development in pipeline through 2027

Description:

Freshly renovated and rebranded Home2 Suites by Hilton, a new 91-key, select-service, extended-stay hotel located in South Padre Island, Texas—one of the most vibrant and rapidly growing resort destinations in the state.

A 4-minute walk to South Padre Island Beach and within a 5-minute drive to Beach Park at Isla Blanca.

A newly remodeled turnkey Hilton-flagged property in a coastal market with year-round tourism demand, an empty development pipeline, and strong RevPAR fundamentals.

This down-to-the-studs renovation has transformed the property, and it will be the newest hotel on South Padre for some time to come.

No new hotels delivered in the last three years, and none are permitted on South Padre Island through the end of 2027. South Padre Island welcomed over 7 million visitors in 2023, with peak occupancy rates regularly exceeding 80% during seasonal months.

Investment Highlights
Hilton Brand Affiliation: As a Home2 Suites by Hilton, the property benefits from one of the most powerful reservation systems in the world and participation in the Hilton Honors loyalty program.

Premier Location: Situated directly on Padre Boulevard, the island’s primary commercial corridor, the hotel is walking distance to the beach, top restaurants, nightlife, and the South Padre Island Convention Centre.

New Construction (September 2025 Delivery): Delivered to market in 2025, the property requires no PIP and offers immediate operational efficiencies with minimal capital expenditure.

Strong Market Fundamentals: South Padre Island welcomed over 7 million visitors in 2023, according to the Texas Office of the Governor, Economic Development & Tourism Division, with peak occupancy rates regularly exceeding 80% during seasonal months.

Opportunity Zone Tax Benefits: The property is located within a Designated Federal Opportunity Zone, allowing eligible investors to take advantage of substantial tax incentives.

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